Telefónica

Telefónica is one of the largest telecommunication service providers in the world. It offers fixed and mobile connectivity as well as a wide range of digital services for residential and business customers. It has also expanded its fiber network, deploying new 5G networks, phasing out copper, while also diversifying into areas such as IoT, Big Data, Cloud, Cybersecurity and new infrastructures.

Telefónica is number one in fiber and mobile in Spain and Brazil (1) and has significant assets in Germany and the United Kingdom (where it is number one in ultra-broadband). It also holds a wide portfolio of assets in Latin America, with major assets in Brazil, Argentina, Chile and Peru.

Telefónica markets its services under the Telefonica, Movistar, Vivo and O2 brands.

Source: ⁽¹⁾ Telefónica website (in number of accesses).

Telefónica's strategy

Develop next generation networks with a focus on fiber and further increase 5G coverage.
Enhance customer experience focus through AI, personalized digital supermarket and IT/B2B Service.
Target leaner operations with legacy switch off, rationalization and network sharing.

Key figures as of December 31, 2023

>173m premises passed

88% LTE Coverage (Long Term Evolution)

~300m mobile access

104,124 employees

€40.652bn revenue

Note: Revenue including other and inter-segments eliminations.

Revenue Breakdown as of December 31, 2023

Source: Telefonica annual report 2023.

Notes: Excluding other and inter-segment eliminations;

Mobile/Fixed split not relevant for Spain which is broken down as Retailer/Wholesale revenue;

Hispam meaning Argentina, Chile, Peru, Mexico, Colombia, Ecuador, Venezuela, and Uruguay.

Telefónica's CSR commitments

Sustainability is one of the pillar of Telefónica’s Strategic plan GPS (Growth, Profitability, Sustainability) presented in 2023.
Goal of achieving net zero emissions by 2040 based on renewables, efficiency and circularity.

Source: Telefónica.

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